DIVIDEND ANNOUNCEMENT: TowneBank (NASDAQ:TOWN) on 08/23/2023 declared a dividend of $0.2500 per share

TowneBank (NASDAQ:TOWN) on 08/23/2023 declared a dividend of $ 0.2500 per share payable on October 13, 2023 to shareholders of record as of September 29, 2023.

TowneBank (NASDAQ:TOWN) has paid dividends since 2003, has a current dividend yield of 4.3140640259% and has increased its dividends for 9 successive years.

TowneBank's market cap is $ 692,363,420 and has a PE ratio of 9.31. The stock price closed yesterday at $ 23.18 and has a 52 week low/high of $ 21.22 and $ 33.42.

TowneBank is a commercial and retail banking business. Co. provides a range of banking and related financial services through its controlled divisions and subsidiaries. Co. has three reportable segments. Co.'s Banking segment provides loan and deposit services to retail and commercial customers and also provides a variety of investment and asset management services. The Realty segment provides residential real estate services, mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides a line of commercial and consumer insurance products and financial services, as well as employee benefit services.

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